Automotive Active Purge Pump Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2023.
— An automotive active purge pump is one kind of an electromechanical device that is used for reducing a vehicle’s hydrocarbon evaporative emissions. These pumps boast a wide variety of functioning like hose off emission detection, hydrocarbon evaporative leak detection, air pressure detection, and others.
The global automotive active purge pump market was analyzed by Market Research Future (MRFR) to find its future outlook and aid investors with precise projections. The global market is expected to garner a CAGR of 11% over the forecast period between 2018 and 2023.
The market is estimated to grow owing to a number of key factors. One of the primal factors pushing the growth of the market is the number stringent regulations imposed by the governments to curb down emissions. The increasing demand centered-around cost-effective vehicles is also expected to drive the global market. Fast-paced increase in sales of passenger cars across the globe and the increasing need for reducing hydrocarbon emissions is pushing the demand for the automotive active purge pump market. The increasing demand of these pump devices is slated to create new market opportunities for the emerging players.
However, both innovation and development concerning hydrocarbon emission products is a huge challenge for the market manufacturers. The increasing demand for battery-operated EVs and the high pricing level of these pumps can dampen the growth of the global automotive active purge pump market.
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The global automotive active purge pump market segmentation is done in terms of components, materials, sales channels, manufacturing process, and vehicle type.
By material, the market segments into non-metal and metal.
By components, the market divides into valves, DC motors, sensors, and actuators.
By sales channel, the market branches into aftermarket and OEM.
By manufacturing process, the market includes vacuum forming, cutting, and injection molding.
By vehicle type, the market comprises commercial vehicle and passenger car.
The global automotive active purge pump market is segmented into the following key regions: Europe, Asia Pacific, North America, and the Rest of the World (RoW). Among these mentioned regions, Europe holds the leader’s spot in the global market. The region is further expected to contribute significantly to the overall market and continue its stay at the top. The presence of various leading manufacturers and their partnerships with local and emerging players have massively strengthened the scope of the regional market. Moreover, the increasing sales volume of vehicles and growing awareness concerning the environment is expected to steer notable growth towards the region. It is reported that the region will become stricter in regard to emissions in the coming years due to the number of government regulations being imposed every single year.
North America is expected to stand second in the global automotive active purge pump market over the forecast period. This is due to the massive demand for passenger cars in the US. Additionally, an increasing demand for commercial vehicles has also been noticed. This is expected to push the growth of the overall North American regional market in the coming years.
Asia Pacific is projected to be the third largest region in the global automotive active purge pump market over the forecast period. The presence of various leading manufacturers in the region is one of the biggest driving factors behind its present and potential growth.
The global automotive active purge pump market includes a number of key players that are competing with each other to gain an upper hand. MRFR has profiled the following names in the report: Denso Corporation (Japan), Robert Bosch GmbH (Germany), Continental AG (Germany), Agilent Technologies (US), and others.
Continental announced the introduction of its very own Activd Purge Pump (APP), which is an all new electrified solution to further curb down the hydrocarbon (HC) evaporative emissions.
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